Honduras (HND) and Sweden (SWE) Trade | The Observatory of Economic Complexity

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Honduras-Sweden Trade: In 2022, Honduras exported $44.7M to Sweden. The main products that Honduras exported to Sweden were Coffee ($44.2M), Knit T-shirts ($166k), and Rolled Tobacco ($101k). Over the past 5 years the exports of Honduras to Sweden have increased at an annualized rate of 0.66%, from $43.3M in 2017 to $44.7M in 2022.

In 2022, Honduras did not export any services to Sweden.

Sweden-Honduras Trade: In 2022, Sweden exported $16.3M to Honduras. The main products that Sweden exported to Honduras were Blank Audio Media ($5.73M), Washing and Bottling Machines ($2.23M), and Kraft Paper ($1.55M). Over the past 5 years the exports of Sweden to Honduras have decreased at an annualized rate of 7.75%, from $26.4M in 2017 to $16.3M in 2022.

In 2022, Sweden did not export any services to Honduras.

Comparison: In 2022, Honduras ranked 88 in the Economic Complexity Index (ECI -0.52), and 97 in total exports ($12.3B). That same year, Sweden ranked 9 in the Economic Complexity Index (ECI 1.49), and 33 in total exports ($194B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Honduras exported $44.7M to Sweden. The main products exported from Honduras to Sweden were Coffee ($44.2M), Knit T-shirts ($166k), and Rolled Tobacco ($101k). During the last 5 years the exports of Honduras to Sweden have increased at an annualized rate of 0.66%, from $43.3M in 2017 to $44.7M in 2022.

In 2017, Sweden exported $16.3M to Honduras. The main products exported from Sweden to Honduras were Blank Audio Media ($5.73M), Washing and Bottling Machines ($2.23M), and Kraft Paper ($1.55M). During the last 5 years the exports of Sweden to Honduras have decreased at an annualized rate of 7.75%, from $26.4M in 2022 to $16.3M in 2017.

Exports from Honduras () to Sweden () (2022)

Exports from Sweden () to Honduras () (2022)

Latest Data

Trade between Honduras () and Sweden ()

Honduras Exports

Date

Sweden Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Honduras
Top DestinationUnited States$6.31B

Sweden
Top DestinationGermany$19.2B

This map shows whether countries import more from Honduras or Sweden. Each country is colored based on the difference in imports they receive from Honduras and Sweden or the difference in the growth in imports.

In 2022, countries that imported more from Honduras than Sweden included Nicaragua ($1.02B), El Salvador ($940M), and Guatemala ($596M).

In 2022, countries that imported more from Sweden than Honduras included Germany ($19.2B), Norway ($18.7B), and Denmark ($14.6B).

Difference in imports from Sweden () and Honduras () (2022)

Comparative Advantage Honduras - Sweden

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

This chart compares trade between Honduras and Sweden by product, considering products traded by both, Honduras and Sweden.

During 2022, Honduras had a large net trade with Sweden in the exports of Vegetable Products ($44.2M), Textiles ($332k), and Foodstuffs ($102k).

During 2017, Sweden had a large net trade with Honduras in the exports of Machines ($12.4M), Paper Goods ($1.87M), and Chemical Products ($698k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Honduras Sweden+$741kKnit T-shirts

Top Product Potential Sweden Honduras+$1.36MTelephones

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Economic Complexity

Competitive Landscape

Year

This visualization shows the product space at the HS4 level with the flags of Honduras and Sweden. This means that a dot/product with the flag of Honduras indicates it has a comparative advantage over Sweden. Similarly, a dot/product with the flag of Sweden indicates it has a comparative advantage over Honduras.

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Historical Data

Bilateral Trade by Products

Exports from Honduras () to Sweden () (2022)

Exports from Sweden () to Honduras () (2022)

Latest Data

Trade between Honduras () and Sweden ()

Honduras Exports

Sweden Exports

Market Competitiveness

Difference in imports from Sweden () and Honduras () (2022)

Comparative Advantage Honduras - Sweden

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Honduras () and Sweden () (2022)

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